Tag: Director Disputes | LEXLAW Solicitors & Barristers

Manolete Case Study: Directors Liable for £1.4m Misappropriation and Unlawful Dividends

The High Court ordered the former directors of Evershine Travel Limited (In Liquidation) to repay more than £1.4 million after treating company funds as their own and authorising unlawful dividends while the company faced a £17.58 million deficit to creditors. The case highlights the severe consequences for directors who breach duties owed under the Companies Act 2006 once a company approaches insolvency.

Post date 5 December 2025
Post author By Hasanat Akbar
Post categories In Case Law, Case Study, County Court, Court of Appeal, Director's Duties, Directors Disqualification, High Court, HMCTS, Insolvency, Insolvency Litigation, Litigation, Manolete, Winding-up Petitions
Tags Defending Manolete Claims, Director claims, Director Disputes, Directors Duties, Directors’ Duties, Directors’ Duties Claims, Expert Legal Advice, Insolvency, Insolvency Act, insolvency law expert, Insolvency Litigation Solicitors, LexLaw case studies, LexLawSolicitors, Manolete, Manolete Case Studies, Manolete claims, Manolete Partners claims, Manolete Partners defence, Manolete Partners PLC, Personal Liability of Directors UK, Unlawful Dividends

COVID-19: Suspension of liability for wrongful trading ended on 30 September 2020

The Corporate Insolvency and Governance Act (“CIGA”) came into force on 26 June 2020 introducing a number of reforms aimed at providing protection to directors and companies in financial distress,…

Post date 13 October 2020
Post author By Aashma Marahatta
Post categories In COVID-19, Director's Duties, Directors Disqualification, Wrongful Trading
Tags ciga 2020, COVID-19, Director Disputes, Directors Duties, Wrongful trading

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Case Study: Supreme Court rules on Reflective Loss in Sevilleja v Marex Financial Ltd

This decision confirms the rule against reflective loss as an important tool to protect the payment waterfall for unsecured creditors in the event of a company’s insolvency.

Post date 31 July 2020
Post author By Aashma Marahatta
Post categories In Civil Litigation, CPR, Injunction, Insolvency, Litigation, Media, News, Remote Hearings, Supreme Court, Winding-up Petitions
Tags Company advice, Director Disputes, Reflective Loss, UK Supreme Court

Manolete Case Study: Directors Liable for £1.4m Misappropriation and Unlawful Dividends

COVID-19: Suspension of liability for wrongful trading ended on 30 September 2020

Case Study: Supreme Court rules on Reflective Loss in Sevilleja v Marex Financial Ltd

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Winning on Appeal: Reversing Judicial Errors in Coghlan v Lexlaw [2026]

Defending Claims Brought by Liquidators: A UK Director’s Guide

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